Risk: Moderate

I’d rate the risk a 2 out of 5 because someone starting as a financial consultant from scratch, especially without the ability to afford losses, faces several risks. They could lose money on certification courses, marketing, and business setup costs. Time and energy are also significant investments, with no guaranteed return. Beginners often spend money on these areas and may not see immediate returns, leading to potential loss of confidence. Many online accounts highlight the challenges of building a client base and the competitive nature of the field, which can result in financial losses if not managed carefully.